31 December 2020 | 31 December 2019 | |||
|---|---|---|---|---|
Categories | Net book value (1) | Net book value | Net book value (1) | Realisable value |
CTE (the holding company that holds 100% of RTE)(2) | CTE (the holding company that holds 100% of RTE)(2) 31 December 2020 2,705 | CTE (the holding company that holds 100% of RTE)(2) 31 December 2019 2,788 | 2,705 | 2,926 |
Derivatives | Derivatives 31 December 2020 16 | Derivatives 31 December 2019 16 | (10 | (10) |
Other unlisted securities and shareholder loans (3) | Other unlisted securities and shareholder loans (3) 31 December 2020 3,329 | Other unlisted securities and shareholder loans (3) 31 December 2019 3,616 | 2,826 | 3,164 |
YIELD ASSETS | YIELD ASSETS 31 December 2020 6,050 | YIELD ASSETS 31 December 2019 6,420 | 5,521 | 6,080 |
Funds not exclusively invested in OECD bonds | Funds not exclusively invested in OECD bonds 31 December 2020 10,756 | Funds not exclusively invested in OECD bonds 31 December 2019 13,174 | 10,865 | 12,978 |
Hedges, deposits, amounts receivable | Hedges, deposits, amounts receivable 31 December 2020 - | Hedges, deposits, amounts receivable 31 December 2019 188 | - | 46 |
Other unlisted securities | Other unlisted securities 31 December 2020 323 | Other unlisted securities 31 December 2019 330 | 263 | 276 |
GROWTH ASSETS | GROWTH ASSETS 31 December 2020 11,088 | GROWTH ASSETS 31 December 2019 13,692 | 11,128 | 13,300 |
OECD government bonds and similar
| OECD government bonds and similar
31 December 2020 4,598 | OECD government bonds and similar
31 December 2019 4,879 | 4,338 | 4,548 |
OECD corporate (non-government) bonds and negotiable debt securities
| OECD corporate (non-government) bonds and negotiable debt securities
31 December 2020 1,431 | OECD corporate (non-government) bonds and negotiable debt securities
31 December 2019 1,460 | 1,763 | 1,827 |
Funds investing in the above two categories(4)
| Funds investing in the above two categories(4)
31 December 2020 6,981 | Funds investing in the above two categories(4)
31 December 2019 7,217 | 4,830 | 5,038 |
CSPE | CSPE 31 December 2020 - | CSPE 31 December 2019 - | 684 | 688 |
| Other unlisted securities | Other unlisted securities 31 December 2020 164 | Other unlisted securities 31 December 2019 155 | 146 | 142 |
Derivatives | Derivatives 31 December 2020 32 | Derivatives 31 December 2019 25 | 5 | 1 |
FIXED-INCOME ASSETS | FIXED-INCOME ASSETS 31 December 2020 13,206 | FIXED-INCOME ASSETS 31 December 2019 13,736 | 11,796 | 12,244 |
TOTAL DEDICATED ASSETS | TOTAL DEDICATED ASSETS 31 December 2020 30,344 | TOTAL DEDICATED ASSETS 31 December 2019 33,848 | 28,445 | 31,624 |
(1) Net book value in the parent company financial statements.
(2) In 2020 and 2019, dedicated assets include 50.1% of Coentreprise de Transport d’Électricité (CTE).
(3) Including €155 million of shareholder loans due to be capitalised, concerning a long-term investment in a real estate vehicle controlled and managed by Korian.
(4)Including + €170 million of cash that was not reinvested in 2020.
The table below presents the performance of the portfolio at 31 December 2020 and 31 December 2019:
31/12/2020 | Performance for 2020 | 31/12/2019 | Performance for 2019 | |
|---|---|---|---|---|
(in millions of euros) | Stock market or realisable value | Portfolio | Stock market or realisable value | Portfolio |
Yield assets | Yield assets 31/12/2020 6,420 | Yield assets Performance for 2020 2.3 % | Yield assets 31/12/20196,080 | Yield assets Performance for 20198.9 % |
Growth assets | Growth assets 31/12/2020 13,692 | Growth assets Performance for 2020 10.3 % | Growth assets 31/12/201913,300 | Growth assets Performance for 201925.9 % |
Fixed-income assets | Fixed-income assets 31/12/2020 13,736 | Fixed-income assets Performance for 2020 4.1 % | Fixed-income assets 31/12/201912,244 | Fixed-income assets Performance for 20195.2 % |
TOTAL DEDICATED ASSETS | TOTAL DEDICATED ASSETS 31/12/2020 33,848 | TOTAL DEDICATED ASSETS Performance for 2020 5.9 % | TOTAL DEDICATED ASSETS 31/12/201931,624 | TOTAL DEDICATED ASSETS Performance for 201913.5 % |
31/12/2020 |
Performance for 2020 | 31/12/2019 | Performance for 2019 | |
|---|---|---|---|---|
(in millions of euros)
| Stock market or realisable value | Portfolio
| Stock market or realisable value | Portfolio |
CTE shares(1) | CTE shares(1) 31/12/2020 2,788 | CTE shares(1)
Performance for 2020 1.6 % | CTE shares(1) 31/12/2019 2,926 | CTE shares(1) Performance for 2019 12.6 % |
Other unlisted securities and shareholder loans (2) (3) (4) | Other unlisted securities and shareholder loans (2) (3) (4) 31/12/2020 4,117 | Other unlisted securities and shareholder loans (2) (3) (4)
Performance for 2020 2.9 % | Other unlisted securities and shareholder loans (2) (3) (4) 31/12/2019 3,572 | Other unlisted securities and shareholder loans (2) (3) (4) Performance for 2019 6.0 % |
Equity funds(3) | Equity funds(3) 31/12/2020 13,362 | Equity funds(3)
Performance for 2020 10.6 % | Equity funds(3) 31/12/2019 13,024 | Equity funds(3) Performance for 2019 26.3 % |
Bonds, negotiable debt instruments and bond funds(3) | Bonds, negotiable debt instruments and bond funds(3) 31/12/2020 12,396 | Bonds, negotiable debt instruments and bond funds(3)
Performance for 2020 4.3 % | Bonds, negotiable debt instruments and bond funds(3) 31/12/2019 11,226 | Bonds, negotiable debt instruments and bond funds(3) Performance for 2019 6.1 % |
Monetary funds | Monetary funds 31/12/2020 1,185 | Monetary funds
Performance for 2020 - 0.4 % | Monetary funds 31/12/2019 188 | Monetary funds Performance for 2019 - 0.3 % |
| CSPE | CSPE 31/12/2020 - | CSPE
Performance for 2020 2.5 % | CSPE 31/12/2019 688 | CSPE Performance for 2019 0.6 % |
TOTAL DEDICATED ASSETS | TOTAL DEDICATED ASSETS 31/12/2020 33,848 | TOTAL DEDICATED ASSETS
Performance for 2020 5.9 % | TOTAL DEDICATED ASSETS 31/12/2019 31,624 | TOTAL DEDICATED ASSETS Performance for 2019 13.5 % |
(1) In 2020 and 2019, dedicated assets include 50.1% of Coentreprise de Transport d’Électricité (CTE).
(2) EDF Invest excluding CTE. The performance of EDF Invest including CTE is +2.3% in 2020 and +9.0% in 2019.
(3) Including derivatives.
(4) Including €155 million of shareholder loans due to be capitalised, concerning a long-term investment in a real estate vehicle controlled and managed by Korian.
